Motilal Oswal sees 27% upside in this retail stock
Motilal Oswal Financial Services has rated V2 Retail as a 'Buy' and set a target price of Rs 275, suggesting a potential 27% increase from the brokerage's reference price of Rs 217. The brokerage highlights V2 Retail's focus on value-conscious consumers in tier-II and tier-III markets, strong store economics, and disciplined inventory management as factors contributing to its long-term growth prospects.
The company operates around 400 stores across more than 300 cities, with private labels accounting for nearly 90% of its sales. V2 Retail's sales per square foot in FY26 were Rs 923, the highest among value-fashion retailers. Motilal Oswal expects V2 Retail to expand its store network to approximately 770 stores by FY29, supported by around 450 new store additions between FY26 and FY29.
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